Reported about 9 hours ago
TXNM Energy shares soared to an all-time high following the announcement of their acquisition by Blackstone's infrastructure division for $11.5 billion. Shareholders will receive $61.25 per share, representing a nearly 16% premium to its previous closing price. The deal also includes a plan for Blackstone to invest $400 million to support TXNM's growth, with the transaction expected to close in the second half of 2026.
Source: YAHOO